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Premises And Equipment

12 Months Ended

Dec. 31, 2019

Premises And Equipment [Abstract]

Premises And Equipment



Note 7 – Premises and equipment



Premises and equipment at December 31, 2019 and 2018 are summarized as follows:




			December 31,
			2019		2018
	Land		$3,302		$3,302
	Building and improvements		9,983		6,986
	Property for future expansion		1,077		2,523
	Furniture and equipment		9,298		7,749
	Leasehold improvements		3,462		2,571
	Software		2,849		2,481
			29,971		25,612
	Less accumulated depreciation		13,273		12,186

	Net premises and equipment		$16,698		$13,426



Total depreciation and amortization expense related to premises and equipment for the years ended December 31, 2019 and 2018 was $1,126 and $930, respectively. 

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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